The Muthoot FinCorp Vyapar Mitra Loan is designed for small and medium-sized enterprise (SME) owners, traders, and self-employed individuals with irregular cash flows. It requires no collateral, no prior CIBIL record, and no income tax returns (ITR). The loan provides up to ₹30 lakhs, is secured only by the hypothecation of stock or book debts, and features flexible daily/weekly repayment options
Eligibility Criteria
To qualify for a Vyapar Mitra loan, you generally need to meet the following requirements
Occupation: You must be a shop owner, trader, self-employed individual, or business owner.Business Type: You must be dealing in goods or services with measurable, consistent (often daily) cash flows to support repayments.
Collateral: None required; the loan is secured against stock or book debts.
Required Documents
PAN
Udyam Aadhaar details
Aadhaar details with linked mobile number
Proof of Ownership for Residence (e.g. Sales Deed, House Tax, Electricity bill)
Active bank account details
Debit card or Net banking details
